When deciding where to invest your money, rarely you will hear about manufactured houses. Despite this, recent data indicates that this segment within the residential housing investment sector is growing like never before.
According to a 2020 Manufactured House Institute report, about 22 million people live in manufactured homes nationwide. So, whether you are trying to diversify your portfolio or just looking for more information about why manufactured houses are a good investment, set yourself up for success with our top reasons why manufactured houses are a good investment!
1. Environmentally Friendly
The negative environmental impact is generally lower for manufactured homes than for traditionally-built homes because the building process tends to be very efficient, resulting in less waste. On the other hand, traditional construction methods generate large amounts of waste, which often end up in a landfill. It is a tedious and expensive process for builders to re-use what was left from a previous job site.
Manufactured homes are made in factory-controlled environments and use advanced technology, allowing manufacturers to reduce human error waste dramatically and deterioration of materials due to the elements.
Consider the positive environmental impact when deciding to build a home!
2. High Demand, Low Supply
It’s well known at this point that a major issue in American society is the shortage of affordable housing, creating a big imbalance between demand (high) and supply (low). The good news is that manufactured houses take, on average, half the time to assemble compared to building a conventional house. If you start offering the same — or better — quality of life for less time and cheaper, renters will most certainly be interested in this alternative.
You can tap into the housing market by investing in manufactured homes, offering premium houses for less!
3. Reliability
If you’ve been considering buying a manufactured house, you’ve probably heard of the myth that these types of houses are not safe. Let us debunk this misconception.
Manufactured homes are extremely safe. Manufactured homes are built to codes and standards that require the highest criteria in every aspect of construction. Unlike site-built houses, they must pass a rigorous inspection by third-party inspectors , plus they are built by highly skilled construction experts in a controlled and efficient environment.
According to the Florida Manufactured Housing Association (FMHA), today’s factory-built homes have 50% less chance of catching fire. Thanks to installation requirements, high safety inspections standards, a factory-built home may be the safest home you can buy.
4. Affordability
Manufactured houses provide home buyers with an energy-efficient, customizable solution. They are also more affordable than most traditional houses costing half as much per square foot to build than site-built ones.
Multiple reasons can drive prices down. Intrinsic to the construction methodology is creating less waste and the utilization of less labor and time.Firstly, since they are built in a controlled environment, the system improves by avoiding the creation of excess material that is wasted. Lastly, considering that manufactured homes don’t require, as traditional builds do, various subcontractors such as electricians and framers to come on the site to do their designated job. The number of delays or errors caused by miscommunications drastically decreases since labor can be effectively overseen, resulting in a job done efficiently and quickly.
According to the Manufactured Homes Institute (MHI), manufactured homeowners can generally expect to spend, on average, 20-30% less compared to traditional homeowners. If you are interested in learning more about our homes or visiting our model centers, contact us here
5. Value Appreciation Over Time
Many people are surprised when they learn that generally, manufactured house values depreciate at a slower rate than conventional ones. This is due to the superior materials used and the ease of making repairs. This ultimately causes the overall house value to increase over time.
With the real estate market (as of March 2022) still busy, and the continuous price rises we’ve seen in recent years, the manufactured housing market is behaving according to this trend, and we are seeing how manufactured homes’ value is appreciating year after year just like any other house. This makes a manufactured home an investment and asset like never before.
6. High Satisfaction Rates
According to recent research, 9 out of 10 manufactured homeowners are satisfied with their homes, and 38% of residents don’t anticipate ever selling their homes. This is the ultimate proof that many people are really happy with their homes and the benefits they bring, which go beyond the mere financial one.
Build Your Dream House With Prestige
Manufactured homes are a quick and efficient way to own a property compared to anything else. Our suggestion is to do your research and educate yourself, talk with trusted manufacturers, and oversee and take ownership of your house’s construction.If you are interested in owning an affordable, reliable, and high-quality home or want to learn more about our homes and are interested in visiting one of our model centers, please get in touch with our Prestige Home Centers team.